+
Vizhinjam To Remain Open Access Port After Approvals
ECONOMY & POLICY

Vizhinjam To Remain Open Access Port After Approvals

Adani Ports and Special Economic Zone Limited (APSEZ) has said that any sale of shares in Adani Vizhinjam Port Private Limited (AVPPL) will occur only after all necessary approvals, including from the state government, are obtained. The statement followed reports that the government had expressed displeasure at not being informed earlier about the proposed divestment in favour of Mediterranean Shipping Company (MSC). APSEZ emphasised that the port will remain open access and that MSC would not receive exclusive rights.

Aswani Gupta, chief executive officer of APSEZ, clarified that there is no immediate change in AVPPL shareholding and that the transaction currently pertains to the company as a wholly owned subsidiary of APSEZ. He said that the matter was disclosed in accordance with Securities and Exchange Board of India regulations governing listed entities after the initial stock exchange filing. The company added that it had informed the Government of Kerala following the filing and would continue to engage with relevant stakeholders.

The group addressed concerns about a single shipping line gaining a monopoly by underlining that proposed arrangements with MSC do not grant exclusive berthing rights or restrict access for other shipping lines. It stated that Vizhinjam will continue to operate as an open access port serving all shipping lines and that standard concession terms will continue to apply. The clarification aimed to reassure opposition parties and coastal stakeholders about continuity of access.

APSEZ reiterated that, even after completion of any approved transaction, it will control, consolidate and operate the port in line with the concession agreement. The company said it will pursue all requisite approvals and processes and maintain dialogue with the Government of Kerala and other authorities. The group affirmed its commitment to contractual, regulatory and governance requirements throughout the course of the proposed transaction.

Adani Ports and Special Economic Zone Limited (APSEZ) has said that any sale of shares in Adani Vizhinjam Port Private Limited (AVPPL) will occur only after all necessary approvals, including from the state government, are obtained. The statement followed reports that the government had expressed displeasure at not being informed earlier about the proposed divestment in favour of Mediterranean Shipping Company (MSC). APSEZ emphasised that the port will remain open access and that MSC would not receive exclusive rights. Aswani Gupta, chief executive officer of APSEZ, clarified that there is no immediate change in AVPPL shareholding and that the transaction currently pertains to the company as a wholly owned subsidiary of APSEZ. He said that the matter was disclosed in accordance with Securities and Exchange Board of India regulations governing listed entities after the initial stock exchange filing. The company added that it had informed the Government of Kerala following the filing and would continue to engage with relevant stakeholders. The group addressed concerns about a single shipping line gaining a monopoly by underlining that proposed arrangements with MSC do not grant exclusive berthing rights or restrict access for other shipping lines. It stated that Vizhinjam will continue to operate as an open access port serving all shipping lines and that standard concession terms will continue to apply. The clarification aimed to reassure opposition parties and coastal stakeholders about continuity of access. APSEZ reiterated that, even after completion of any approved transaction, it will control, consolidate and operate the port in line with the concession agreement. The company said it will pursue all requisite approvals and processes and maintain dialogue with the Government of Kerala and other authorities. The group affirmed its commitment to contractual, regulatory and governance requirements throughout the course of the proposed transaction.

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code